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Home to personal wealth protection products that keep your money in your pocket!
We have 3 simple rules at Lexington Financial. They are safety 1st, Earn reasonable rates of return over time, and keep everything simple. Why do we believe in this? Because we know history, above all, we know what happened during the previous financial disasters! We don’t want to see people lose their retirement if we can help them avoid it.
Have you had concerns about the market? Then it’s time to reconsider your plan! The page “Knowing Your Money” will show you common retirement pitfalls. It’s never a bad idea to prepare for the worst case scenario!
Call us at 859-967-4663 to schedule a no-obligation review of your retirement plan. We also offer online booking through Calendly!
Market Snapshot, September 2024 - Aaron Stelter
How’s the outlook on banks in 2024? Many people are concerned about banks in the United States showing signs of stress, and how that may actually pan out in the later stages of 2024. The major problem that many banks are facing is unrealized losses on their books from their investment portfolios. An unrealized loss is from a trade that is now unprofitable, but it hasn’t been sold yet. The banking sector has unrealized losses stacking up to hundreds of billions of dollars.
Furthermore, the FDIC, an organization that insures consumer bank deposits, has been restructuring and hiring external consulting groups to review their internal processes. Sufficed to say that these concerns with the modern banking system are strong, and it may be time to look for other places to keep large sums of money.
